Retail

162 Albert Street, Brisbane

162 Albert Street Brisbane, QLD Australia 4000
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Building Area

Property Description

JLL, in conjunction with Richard Morrison Project Consulting, are pleased to exclusively present 162 Albert Street to the market. The property offers a dual retail & office asset with ultra-prime frontage at the intersection of Queen, Albert and Elizabeth Streets in the heart of Australia’s busiest pedestrian mall. Situated at the epicentre of the Brisbane central business district, the asset is perfectly positioned to leverage the $12 billion of city shaping infrastructure projects planned for Brisbane. We note the following investment highlights:


Investment Highlights

  • 3,160sqm* office & retail asset on Brisbane’s best retail corner, opposite Queen Street Mall and adjacent to the oncoming Albert St Train Station
  • WALE of 5.01* years (by income) across only three tenants, anchored by the international giant JD Sports – a global brand with over 2,500 outlets worldwide
  • 911sqm* site zoned PC1 principal Centre (city centre)
  • Fixed annual income growth of between 3.00% and 4.00%
  • Poised for growth off the back of immediate proximity to Brisbane’s major upcoming infrastructure projects, including Queens Wharf (250m) and the Cross River Rail’s Albert St Staiton (adjacent)
  • Net income of $1,237,393 per annum as at 1 April 2021


The property is being offered For Sale via International Expressions of Interest closing 4:00pm (AEST) Thursday 6 May 2021. Please contact the exclusive agents for further information

Last Updated Date: 09 Apr 2021
Jacob Swan
Jacob Swan
Joint Head of Retail Investments - Australia
Campbell Bowers
Senior Executive, Capital Markets

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Last Updated Date: 09 Apr 2021

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